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8/8/2019 Certi n Chapters 27-05
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MANGALORE
UNIVERSITY
A STUDY ON PERFORMANCE OF FOLLOW-ON PUBLIC
OFFERINGS IN INDIA
Project Report Submitted to Mangalore
University in Partial fulfillment of the
requirements for the award of
MASTERS IN BUSINESSADMINISTRATION
SUBMITTED BY
Mr. SAVINKUMAR H.N
REG. NO.081780048
UNDER THE GUIDANCE OF
Mr. R. CHANDRASHEKAR
Asst. Professor
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DEPARTMENT OF BUSINESS ADMINISTRATION,
MANGALORE UNIVERSITY,
MANGALAGANGOTRI-574199
DECLARATION
I, SAVINKUMAR H.N, bearing Reg. No. 081780048 hereby
declare that this project entitled A STUDY ON
PERFORMANCE OF FOLLOW-ON PUBLIC OFFERINGS IN
INDIA has been prepared by me towards the partial
fulfillment requirement for the award of the Masters in
Business Administration (MBA) Degree of Mangalore
University (Academic year 2008-2010), under the research
guidance ofMr. R. CHANDRASHEKAR, Asst. Professor.
I also declare that this project report is my original work
and has not previously formed the basis for the award of any
Degree, Diploma, Associate ship, Fellowship or other similar
titles of any other university.
Place: Mangalagangothri
SAVINKUMAR H.N
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Prof. MUSTIARY BEGUM
Mr.R.CHANDRASHEKAR
(Chairperson)(Project guide)
ACKNOWLEDGEMENT
When success glitters and our hard work brings colors
with contentment and satisfaction there are some supporting
pillars behind us whose constant support and encouragement
cannot be overlooked and we owe to acknowledge them.
No height is achieved without the encouragement made
at some end and it is here where I owe a special debt to our
beloved Asst. Professor Mr. R. Chandrashekar for his
constant encouragement imparting valuable tips and proper
guidance throughout my project work.
I am also grateful to Prof. Mustiary Begum,
Chairperson, Dept. of Business Administration, MangaloreUniversity, for his full support and encouragement while I was
conducting this research.
At the completion stage of this project report, I wish to
thank my beloved parents, & my beloved ones whose
constant support and encouragement helped in timely
completion of this project. I would fail in my duties if I do not
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thank all my friends and peers and all the staff members of
the department for all their help and invaluable suggestions
to complete my project.
(SAVINKUMAR H.N)
CHAPTER -1
INTRODUCTION
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CHAPTER -2
FOLLOW-ON
PUBLIC OFFERING
IN DETAIL
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CHAPTER -3
SEBI GUIDELINES
FOR FOLLOW-ONPUBLIC OFFERING
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CHAPTER -4
PERFORMANCEOF FOLLOW-ON
PUBLICOFFERINGS IN
INDIA
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CHAPTER -5
FINDINGS AND
CONCLUSION
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ANNEXURE
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BIBLIOGRAPHY
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CONTENTS
Chapter No. Title of the Chapter Page No
1 Introduction 1 8
2Follow-on Public Offering in
Detail9 28
3SEBI Guidelines for Follow-on
Public Offerings29 37
4Performance of Follow-on Public
Offerings in India38 66
5 Findings and Conclusion 67 68
Annexure 69
Bibliography 70
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LIST OF TABLES
Table No. Title of the table Page No
4.01 Number of FPOs 38
4.02 Listing returns on FPOs 39
4.03 First day return on issue price 40
4.04 First day return on listing price 42
4.05 Long term returns on BSE 44
4.06 Actual and Expected returns onNMDC
47
4.07 Actual and Expected returns on
NTPC
50
4.08 Actual and Expected returns on REC 53
4.09 Actual and Expected returns on
BSEL
55
4.10 Actual and Expected returns on
BEML
57
4.11 Actual and Expected returns on
ICICI Bank
59
4.12 Actual and Expected returns on
ANDHRA Bank
62
4.13 Actual and Expected returns on
BPCL
65
LIST OF CHARTS
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Chart No. Title of the chart Page No.
4.01 First day return on issue price 41
4.02 First day return on listing price 43
4.03 Long term returns on BSE 45
4.04 Actual and Expected returns on NMDC 47
4.05 Actual and Expected returns on NTPC 50
4.06 Actual and Expected returns on REC 53
4.07 Actual and Expected returns on BSEL 56
4.08 Actual and Expected returns on BEML 58
4.09 Actual and Expected returns on ICICI
Bank
60
4.10 Actual and Expected returns on
ANDHRA Bank
62
4.11 Actual and Expected returns on BPCL 65